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South Korean Local Stablecoin Operator Posts Record Profits
15.7.2020
Business appears to be booming for a company operating an increasingly large number of South Korean local stablecoins.
Per Fn News, the Korea Minting and Security Printing Corporation (KOMSCO) – the company that has printed banknotes and minted coins for the nation’s treasury for the past 70 or...
Japan’s Biggest Bank to Launch Digital Token Before End of FY2020
15.7.2020
The Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) is set to issue its own long-awaited digital currency “in the second half of the current financial year,” said its CEO.
Speaking to Mainichi, the company’s CEO Hironori Kamezawa stated that the token had experienced no shortage...
Dogecoin Pump Ends as Price Dumps 40% From Top
14.7.2020
The price of dogecoin (DOGE), the cryptocurrency created as a joke in 2013, has fallen heavily in the market over the past few days after a pump last week sent it soaring 140% in three days.
As of press time on Tuesday (10:32 UTC), DOGE was down by 11.7% over the past 24 hours, trading at a price...
South Korean Central Bank Launches CBDC Legal Advisory Unit
14.7.2020
The Bank of Korea in Seoul. South Korea is once again intensifying the pace of its central bank digital currency (CBDC) progress – with a central bank-run team now investigating legal obstacles that might stand in the way of digital won issuance.
Bitter political and financial rival Japan last week...
Crypto Listing and Delisting Announcements: Week 28
14.7.2020
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
BIS Unsure if 'Global Stablecoins' Can Help Cross-border Payments
13.7.2020
Agustín Carstens, General Manager of the BIS. The Bank for International Settlements (BIS) agrees that leading financial nations badly need to make cross-border payment progress – but is still unsure if that the answer will be found in global stablecoin projects.
In a new report to the G20 entitled...
Chainlink Takes Top 10 By Storm, EOS Leaves the Club
13.7.2020
After what has been a relatively quiet weekend for bitcoin (BTC) and most other top cryptoassets, the decentralized oracle platform Chainlink (LINK) has entered what can only be described as a parabolic rally in the crypto market.
After the latest rally, LINK has climbed in the rankings of the most...
Bitcoin, Ethereum & Co Have Plenty of Room Left to Take Over TikTok
10.7.2020
Though TikTokers found one coin to pump, it looks like cryptoassets haven't taken over the major video-sharing social networking service yet. The creators of crypto TikToks (CrypToks, if you will) are few, and videos on the topic are relatively scarce.
The power of TitTokers to affect the current...
Ripple Boss Pays for 1,000 Cameras to Monitor San Francisco’s Streets
10.7.2020
Source: Adobe/alice_photo
Ripple co-founder and executive chairman Chris Larsen is spending his crypto-fortune on installing high-definition surveillance cameras around San Franciso, per a new report.
According to the New York Times, Larsen has paid to have “a network of 1,000” cameras installed...
Bitcoin-Focused Investors Missing Out on ‘Mini Altcoin Boom’ - Head Trader
10.7.2020
Despite bitcoin (BTC) being the focus of most financial institutions that are dipping their toe in crypto, the altcoin market is where the action really happens, according to a head trader at New York-based crypto trading firm GSR.
Speaking with Bloomberg Radio, Richard Rosenblum, Co-founder...
Bitfinex, Binance Rush to Capitalize on Dogecoin Fever
9.7.2020
With dogecoin (DOGE) now up by another 18% in the past 24 hours, exchanges are rushing to capitalize on the fever, launching both spot and futures markets in an effort to extract more money from hopeful investors.
The latest exchanges to announce that they will join the race now is Bitfinex...
Latin American Crypto Exchange Bitso Says it Has 1M Active Users
9.7.2020
Mexico’s crypto scene is booming again, with one of the nation’s largest crypto exchanges, Bitso, claiming it has reached the 1 million active user mark.
In an interview with El Economista, Daniel Vogel, Bitso’s CEO stated that crypto was continuing to gain ground in traditional markets like...
Bank of Lithuania's LBCOIN is a 'Playground' for Testing CBDCs
9.7.2020
The reverse of the physical coin. While presenting their new digital coin, the first of its kind, the central bank of Lithuania said that this project serves as a type of a testing ground for a possible future central bank digital currency (CBDC).
At the press conference Thursday morning, the Bank...
Risks of Centralized Stablecoins Materialize as 100k USDC Frozen
9.7.2020
Centralized stablecoins may be about to face more scrutiny from the crypto community after it was revealed yesterday that USD Coin (USDC) issuer Centre has frozen an address holding USD 100,000 worth of the stablecoin.
The actual blacklisting of the address occurred back in June this year, and...
Chainlink Surges to New Highs Fuelled by DeFi Boom
8.7.2020
On its third consecutive day of strong price gains, LINK, the native token of decentralized oracle platform Chainlink, today surged to yet another all-time high, fuelled partly by massive interest from across the cryptoverse in Decentralized Finance (DeFi) applications.
As of press time today...
Cardano Rally Continues as Hoskinson Suggests Litecoin Collaboration
8.7.2020
Charles Hoskinson. Source: a video screenshot, Youtube/Charles Hoskinson
Cardano (ADA) continued its rise higher today, after also seeing massive gains in price on both Monday and Tuesday this week. At the same time, Cardano-founder Charles Hoskinson raised the idea of a collaboration between...
As Dogecoin Barks Louder, Tron's Justin Sun Rides the Focus on TikTok
8.7.2020
Source: Adobe/epic_images
As the Dogecoin (DOGE) on TikTok story is getting hotter by the minute, the Cryptoverse turned its focus to this popular platform - with Tron's (TRX) Justin Sun taking the lead.
The Chinese video-sharing social networking service owned by Beijing-based tech company...
Digital Yuan Set for Real-world Ride Sharing Pilot with Apple-backed Didi
8.7.2020
China’s digital yuan launch appears to be inching yet closer to rollout after reports in the Middle Kingdom surfaced linking a ride-share operator with pilots for the new central bank-run token.
Per Beijing Business Today and Bloomberg, a digital currency unit of the central People’s Bank of China...
Dogecoin Soars As TikTokers Attempt To Pump It
7.7.2020
Source: a screenshot, TikTok
Dogecoin (DOGE), the cryptocurrency that was created partly as a joke in 2013, is soaring in the market today after what seems to be push by some content creators on the video sharing app TikTok for their followers to buy it.
The #dogecoin tag has now 2.4 million...
Cosmos, Polkadot Join Terra In New DeFi Savings Project
7.7.2020
Guided by a belief that decentralized finance (DeFi) is still missing “a simple and convenient savings product,” South Korea-based stablecoin issuer Terra (LUNA) has revealed Anchor, a new DeFi project.
The new platform will be governed by a newly formed organization the Interchain Asset...